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markets, which are the first four markets we launched. d.c., new york, boston, and san fran. and the margin expansion in those markets beat even our prior estimates of where we might go. so the margins are continuing to expand as well. >> let me pick up on some of those metrics. a lot of people are very negative on the stock. i've got mkm partners. they think it will half in value to $4. they have a stock recommendation. on that question of margins specifically, you don't break out your fleet costs, do you? in the present environment, presumably you're making money, because that is theamic that, as you sell cars, they are -- it's a higher margin experience now than arguably it might be next year. >> there were three or four factors in our margin expansion, quite frankly. quite frankly, the vehicle sales and proceeds from sales was the smallest of the three or four i'm speaking of. so most of it came from improved utilization and other margins. we've dropped our costs quite a bit. we got into the asset-backed security markets half a year ago and rolled our entire fleet into t
for what he does and real commitment. >> reporter: nearly 30 years ago cook founded boston beer company maker of sam adams. >> nobody would lend me money when i started sam adams. >> reporter: now he is trying to help other food and beverage start-ups. his samuel adams brewing the american dream fund has provided over 200 loans, averaging $8,000 apiece. claiming to creator saved 1300 jobs. >> i received $15,000 loan. and i'm going to be paying it over the next five years. >> reporter: interest rates average 8%. and cook says the default rate sunday 5%. the fund teams with local economic developers to find the right start-ups. >> we have 250,000 entrepreneurs here in l.a. it has been said lay slay a small business capital of the country. and it is. >> check e-mail. >> edward is using his loan to open a storefront with plans to hire up to eight people. in an economy where traditional jobs and loans seem harder to come by, jim cook wants to support promising people scooping out a new path. >> while you have your ups and downs, you know, if you really loved what you do, you never work a day
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